One of the key features of Ethereum is its ability to execute smart contracts, which are self-executing agreements with the terms of the agreement written into code. This enables developers to build decentralized apps that can perform complex financial transactions without the need for intermediaries.
Decentralized app development on Ethereum is driving innovation in DeFi by allowing for the creation of new financial products and services that are accessible to anyone with an internet connection. These apps can provide financial services like lending, borrowing, trading, and more, all without relying on traditional financial institutions.
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